63,500 products ready for Online Friday’s shopping spree

HCM City (VNA) – More than 63,500 products with generous discounts are ready for Online Friday’s shopping spree at the website onlinefriday.vn on December 4.

The online promotion, organised by the Vietnam E-Commerce and Information Technology Agency (VECITA) under the Ministry of Industry and Trade, aims to accelerate consumer demand and wireless purchases.

This is also part of the agency’s strategy to boost the development of e-commerce in Vietnam , according to head of the VECITA Tran Huu Linh.

Swatch and Guess brands planned discounts of 70 percent, while Mango, Nike and Dorothy brands will offer a 50-percent discount, as a few to name.

Jose Finch, Managing Director of Zalora Vietnam - one of the leading online fashion retailers, said Online Friday has become a special event of Vietnam ’s e-commerce sector which is anticipated by both consumers and businesses.

Apart from participating in the online shopping day, the company has also joined hands with over 50 e-commerce partners and retailers to launch “Online Fever” - its biggest-ever online programme, he said.

In response to the day, eight banks and credit institutions will offer cash-back services to online transactions. Also, express delivery firms like VietnamPost and ViettelPost have also committed to supporting online retailers with delivery cost halved.

Experts said online transactions valued 2.97 billion USD were conducted in 2014. The figure is expected to stand at 4 billion USD this year.

They forecast that e-commerce will continue to thrive in Vietnam in the coming time, especially at a time when the country is accelerating its international economic integration through the signing and negotiation of a range of bilateral and multilateral trade agreements.-VNA